The lithium-ion battery market is considered a high growth market. Because demand for energy storage is increasing, the need for lithium-ion batteries is also increasing. The segments that will exhibit high growth rates for these batteries include automotive, grid and renewable energy storage, consumer, and industrial. With greater emphasis on green and clean energy, lithium-ion batteries will play a key role in making this a reality. The highlighted segments in this study are expected to exhibit strong growth during the forecast period. The current cost per kilowatt hour for lithium-ion batteries is high compared to other rechargeable technologies. As demand increases, however, the cost will likely stabilize and become competitive.